ABSTRACT
The purpose of this chapter is to provide guidelines to the theories and practices
of capital cost estimating, primarily for the process industries. Many of the tech-
niques used, however, are generic and can be used widely in other areas of engin-
eering. Additional information is available in the AACE International Cost
Engineers’ Notebook, AACE Recommended Practices and Standards, other
AACE publications, and in the literature.
